Athey, Susan (contributor); Atkeson, Andrew (contributor); … - 2002 - [Elektronische Ressource]
flexibility to react to its private information against society’s need to guard
against the standard time inconsistency problem … policy discretion is
decreasing in the severity of the time inconsistency problem. As this problem becomes sufficiently
severe … private information against society’s
need to prevent policymakers from succumbing to the standard time inconsistency problem …